NASDAL results show growth in private practice profits.

NASDAL

NASDAL – the National Association of Specialist Dental Accountants and Lawyers – today released their analysis of client figures for the year ending April 2015. Full report in Dentistry Online here.

Key points are:

  • The UK dental market has continued to grow at a rate of around 4.4% with relatively unchanged costs and a prolonged recovery in profitability.
  • Private practice profits per principal just overtook NHS profits in 2014 for the first time since 2006.
  • Average private practice profits per principal have jumped to £140,129 in the year ending 5 April 2015, compared with £130,613 the year before.
  • In NHS practices, the average practice profits per principal have marginally increased to £129,265, compared with £129,054 the year before.
  • Associate profits have remained relatively stationary in 2015 at £68,024 compared with £68,544 in 2014.
  • The average unit of dental activity (UDA) rates for NHS practices remained relatively stable at around £26.50, while the average UDA rates paid to associates in 2015 was £10.75, down from £11.23 in 2014.

The sample size for the statistics included 600 practices (which equated to 650 principals) and 600 associates.

I’ll comment tomorrow.

Published by Alun Rees

Dental Business Coach. Analyst. Troubleshooter. Consultant. Writer. Presenter. Broadcaster.

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